Announced
Financials
Sources
Tags
Reverse Takeover
Friendly
Clothing and Accessories
United States
Domestic
Single Bidder
Acquisition
apparel
Merger
De-SPAC
Private
Pending
Synopsis
SVES, an apparel distribution company, agreed to go public via a merger with Relativity Acquisition, a special purpose acquisition company, in a $707m deal. “We are excited to partner with Relativity in this business combination, and look forward to the new opportunities it unlocks to generate significant value for the stockholders of the Combined Company. This merger and entry into the public markets will bring us access to a much larger pool of capital which will help us continue to leverage the tailwinds of a compelling high-growth industry," Timothy J. Fullum, SVES Co-Founder and CEO.
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